Insights

Every asset, product, system, the machine has now become smart and generates data. Sensors can monitor and manage almost any facet of a facility environment from temperature, the usage, and performance of utility assets, lighting, water, energy, parking, and more. The adoption of IoT in facility management yields significant benefits including reduced maintenance costs, predictive maintenance, maximized operational and energy efficiency, greater occupant comfort, and improved security.

"The advent of IoT in facilities management will be one of the major trends in the global facilities management market during 2019-2023."